5 Bedroom House for sale in Newcastle Central

Situated in the central residential area of Newcastle, this well-located property offers convenient access to a wide range of amenities, including schools, shopping centres and hospitals—making it an ideal investment opportunity with convenient access to major facilities. The property is multi-tenanted and offers an excellent opportunity for investors seeking a property with multiple rental income streams. The property comprises various accommodation options, including: 1-Bedroom Apartment: Rental income of R1,650 per month 2-Bedroom Apartment: Rental income of R6,650 per month 3-Bedroom Apartment: Rental income of R8,660 per month Total potential monthly rental income: R16,960 The property is equipped with security features including an automatic gate, electric fencing and an alarm system, providing added security and peace of mind for tenants. Each unit is fitted with or allocated a prepaid electricity meter, allowing tenants to manage their own electricity usage. The municipal account is divided amongst the tenants, with each tenant responsible for their allocated portion. The yard is a shared communal space, and no pets are allowed. Garden maintenance costs are included in the rental structure, adding to the convenience and ongoing management of the property. This centrally located, income-generating property presents an excellent opportunity for an investor looking to acquire a property with an established rental income stream and strong potential for long-term returns.